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Neither the author of this article nor the investor being interviewed seem to actually understand options. You want to make a “safe bet” and decide to buy a bu
by sombremesa 5y ago
Neither the author of this article nor the investor being interviewed seem to actually understand options.
You want to make a “safe bet” and decide to buy a bunch of options…whoo boy.
- cl42 5y agoNot just any options, but Chinese ADRs during a time of incredible volatility in Chinese markets. ... during a pandemic. ... with all your life savings.
- sombremesa 5y agoRight, a bunch of options for a shell company with no real assets that could be shut down by the PRC on a whim. I’d love to ask this guy what he considers risky.
- jandrese 5y agoOn the plus side losing his retirement isn't so bad since he's not likely to live long enough to retire if this is his level of "acceptable risk". I imagine he invests in the down time between jumping through narrow slot canyons in his homemade wingsuit.
- sonotathrowaway 5y agoHe described his investing style as super conservative.
- sgjohnson 5y agoIt was “safe”, considering the wallstreetbets alternatives. Like 5% OTM calls on stable indexes or tickers, expiring within 3-5 days.